https://www.taxtmi.com/caselaws?id=770834 The AAAR held that silver supplied free of cost by naval formations in the form of old batteries must be included in the taxable value for GST calculation on manufactured batteries. The tribunal determined that free supply of raw materials constitutes non-monetary consideration with direct nexus to the underlying supply, providing substantial economic benefit to the appellant. Since transaction value under Section 15(1) CGST Act was insufficient when substantial raw materials are supplied free, valuation under Section 15(4) read with Rule 27(b) was applicable. The consideration for GST supply includes both monetary and non-monetary components. en-us Fri, 25 Apr 2025 00:00:00 +0530 Mon, 09 Jun 2025 11:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770834 The AAAR held that silver supplied free of cost by naval formations in the form of old batteries must be included in the taxable value for GST calculation on manufactured batteries. The tribunal determined that free supply of raw materials constitutes non-monetary consideration with direct nexus to the underlying supply, providing substantial economic benefit to the appellant. Since transaction value under Section 15(1) CGST Act was insufficient when substantial raw materials are supplied free, valuation under Section 15(4) read with Rule 27(b) was applicable. The consideration for GST supply includes both monetary and non-monetary components. Case-Laws GST Fri, 25 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770834